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Jan 30, 2013
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> now, from abc7 news , the highway patrol issued a sig-alert on eastbound 580 after a faith accident in livermore. sue is following this. >> we have a live shot and you can see the eastbound direction 580 was blocked c.h.p. had all lanes blocked. now, two right lanes are getting by and the three left lanes are blocked with the fatal accident at greenville and sig-alert in affect. rubberneckers have the westbound direction clogged from the central valley, as well. eric? >> looks like there was a fire. >> developing news in the search of a home for the remains of kevin collins the ten-year old boy who disappeared 29 years ago in san francisco. abc7 break the st
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> now, from abc7 news , the highway patrol issued a sig-alert on eastbound 580 after a...
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Jan 30, 2013
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> live, and in hd, this is an abc 7 news update. good morning at 7:26 and as wednesday, january 30. a jury meeting today to sentence for a officer,lpeper police shooting deathe unarmed woman. jurors found the officer guilty manslaughter and other charges. he testified that he fired in self-defense. an overnight crash is causing traffic problems on the capital beltway. seven people including four firefighters were hurt when this trailerck and tractor collided on the elderly just off route 50. newschannel 8 is covering this depth reporte an in- in a few minutes. let's check in with jamie whitten. we are over had with newschopper7. there was a water main break at
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> live, and in hd, this is an abc 7 news update. good morning at 7:26 and as wednesday,...
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Jan 30, 2013
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >>> good morning i am megan prink especially. >> i am charley crowson. -- pringle. >> i am charley crowson. john lee poll could lose his job. a request will be made the county council introducing a bill to have him remove from office. council members will vote on monday. >> if your commute tax you towards landover be prepared for some major delays because crews are still cleaning up a big accident involving a tractor trailer suv and a fire truck that happened on 495 near route 50 early this morning. 7 people were rushed to the hospital including four firefighters. only one in each lane of direction is getting by. so let's find out how that is moving along and t
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >>> good morning i am megan prink especially. >> i am charley crowson. --...
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Jan 30, 2013
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cut expiring and social security taxes. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue. >> that always helps spur things on. the bank loosens its grip on the green. and the federal reserve expected to release a statement that could have an impact on the markets in terms of their latest economic outlook. so stay tuned for that. >>> oil giant bp and the justice department have agreed to a record settlement in connection with the 2010 gulf oil disaster. in addition to paying $4 billion in penalties, the company agreed to plead guilty to manslaughter for the deaths of 11 workers on the deep water horizon rig. bp could pay billions more in environmental damage. >>> another financial headline for you. there could be a big change coming to youtube. a paid subscription service. users would pay to access programs on youtube channel. the fees are said to be somewhere between $1 and $5 a month. youtube is also now considerin
cut expiring and social security taxes. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue. >> that always helps spur things on. the bank loosens its grip on the green. and the federal reserve expected to release a statement that could have an impact on the markets in terms of their latest economic outlook. so stay tuned...
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Jan 30, 2013
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taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth r
taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling...
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Jan 30, 2013
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in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >> it is uncomfortable, of course. all about the training. that i did my entire life and training for niagra falls of course pays off. [ whistle blows ] hi victor! mom? i know you got to go in a minute but this is a real quick me, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. martha: so all sides clamor for the lead on immigration reform right now, president obama laid down his marker on this issue in las vegas yesterday. take a look. >> we all agree that these men and women
in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >>...
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Jan 30, 2013
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the state's considering enacting a 50% tax on ammunition, expanding a state ban on assault weapons, and banning large capacity magazines like the one used by adam lanza in the newtown shooting. this single mother from waterbury believes those changes would be going too far. >> you will take away my legal ability to protect myself and my children at a reasonable price. protecting myself and my children means i should continue to be able to select the firearm and magazine size that i believe will keep us safe. don't my children and i deserve your support, your consideration to be safe? >> not one of these gun proposals would have impacted this heinous act, nor will it affect future perpetrator. these current quick-fix, do-something bills do not address the root cause and actions of the newtown criminal. please remember gun owners are the good guys. >> reporter: the rabbi counseled many of the newtown families. >> this is serious. i do not want to come here or at any other city to describe what it's like to console parents who have had their childrens' brains shot out. >> reporter: mark ma
the state's considering enacting a 50% tax on ammunition, expanding a state ban on assault weapons, and banning large capacity magazines like the one used by adam lanza in the newtown shooting. this single mother from waterbury believes those changes would be going too far. >> you will take away my legal ability to protect myself and my children at a reasonable price. protecting myself and my children means i should continue to be able to select the firearm and magazine size that i...
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Jan 30, 2013
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verizon. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> take a look at this video. imagine riding this massive wave. it could be a new world record captured on video. the surfer in this photo here, just amazing, shares what it was like to ride that wave ahead on 360. f love. it's a lot of labor and it's a lot of love. i don't need to go to the gym. my job is my workout. you're shoveling ice all day long. it's rough on the back. it's rough on the shoulders. i get muscle aches all over. advil® is great. pain and soreness is just out of the picture. [ male announcer ] make the switch. take action. take advil®. and for sinus congestion, now you can get advil® combined with a proven decongestant. breathe easier with advil® congestion relief. >>> the senate voted this afternoon to confirm john kerry as the next secretary of state. as a senator john kerry voeed on his own nomination. it makes him the
verizon. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> take a look at this video. imagine riding this massive wave. it could be a new world record captured on video. the surfer in this photo here, just amazing, shares what it was like to ride that wave ahead on 360. f love. it's a lot of labor and it's a lot of love. i don't need to go to the gym. my...
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Jan 30, 2013
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before that tax credit ten years ago, they had about 16 projects a year, films here in new orleans. now just last year they had 61. so you can tell they are seeing a lot of growth, frank. >> and how about george lucas? was he there kind of scouting out a possible movie thing or you had mentioned earlier he is retired? >> reporter: that's what he said. i asked him what are you here for? he said, hey, you know what, i don't talk films anier mo. i'm anymore, i'm retired. he was here on few business and he let us walk with him for a few blocks. >> we let him know he is a 9ers fan from northern california. thank you so much, michelle. >>> san francisco mayor plans to take a stroll with the police and the fire chief later this afternoon. mayor lee is going to the missing district to talk about ways to cut down on drinking on super bowl sunday. now, the mayor will start his walk at 21st and mission streets. police chief greg suhr and fire chief joanne hayes-white will also join mayor lee. >>> there may be some new clues in a cold case here in san francisco. police spent hours yesterday dig
before that tax credit ten years ago, they had about 16 projects a year, films here in new orleans. now just last year they had 61. so you can tell they are seeing a lot of growth, frank. >> and how about george lucas? was he there kind of scouting out a possible movie thing or you had mentioned earlier he is retired? >> reporter: that's what he said. i asked him what are you here for? he said, hey, you know what, i don't talk films anier mo. i'm anymore, i'm retired. he was here on...
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Jan 30, 2013
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economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos, said the company's e-book business is paying off, growing by about 70% last year and is now a "multibillion-dollar category." but he didn't say how many kindle fire tablets amazon has sold. still, jason moser, an analyst with the motley fool, says: >> really, i think that amazon is going to prove to be the leader here in retail-- not just online retail-- because i think retail in general is heading towards online retail for the most part, and amazon is really what is really setting the standard there. and that's why i think you see amazon performing so well today, and companies like walm
economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos,...
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immigrants to gain temporary legal status if they passed a criminal background check, paid a fine and back taxes and learned english. they can apply to become a citizen behind people who started the process legally. >> for the first time in many years, republicans and democrats seem ready to tackle this problem together. >> reporter: some gop house members have already said they don't support the senate proposal, but some of the biggest opposition to immigration reform could come from outside the halls of congress. republican senator marco rubio went on conservative radio to drum up support from a skeptical rush limbaugh. >> if 70% of the hispanic vote went republican do you think the democrats would be for any part of this legislation. >> reporter: bob dane's group is also opposed to the bill. >> it is clearly a trojan horse, which really reforms nothing. >> reporter: the group of eight senators sponsoring the legislation say once the language is agreed upon, the bill could come up for a vote as early as this summer. danielle nottingham, cbs news, washington. >>> well, also on capitol hill, the
immigrants to gain temporary legal status if they passed a criminal background check, paid a fine and back taxes and learned english. they can apply to become a citizen behind people who started the process legally. >> for the first time in many years, republicans and democrats seem ready to tackle this problem together. >> reporter: some gop house members have already said they don't support the senate proposal, but some of the biggest opposition to immigration reform could come...
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Jan 30, 2013
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. not too tight. ok. yeahhh! we're going to need another diaper. introducing huggies mommy answers. the best advice in one place. from the brand new moms trust. ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. [ male announcer ] playing in the nfl is tough. ♪ ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ ♪ i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a baye
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. not too tight. ok. yeahhh! we're going to need another diaper. introducing huggies mommy answers. the best advice in one place. from the brand new moms trust. ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm...
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Jan 30, 2013
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. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when the nra will not say that you should not permit the civilian sale of bazookas. what we're talking about is a weapon crafted for war that floats around the streets of our cities, that puts our police in a position of being outgunned by the bad guys, that has kids killing kids with them. >> since the newtown, connecticut, shooting that left 27 dead, the nra says 500,000 more people have joined its membership. >>> anderson cooper, don't miss this, taking on the gun violence debate tomorrow night. he'll take a good long look at both sides of the issue. we're calling it "guns under fire," a town hall special tomorr
. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when...
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Jan 30, 2013
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for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand what we're talking about and how it will impact people. the posturing and medicare is very high. in order to increase the cost is a difficult thing to do. all of these things go together. so i worry you can miss some of the problems that can happen. >> i can't help but draw a parallel to the commercial side where we have had for years efforts to try to get health care spending under control by dealing with the benefits side and inventing new benefits structures and care products and other things that would make individuals more price conscious and so forth. on the other hand, now we are d
for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand...
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a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a gallon? the money mostly would go directly to repair america's critical infrastructure. while they are boating, senator bennett. >> you don't have my number. >> what is your number? 15 cents. >> let's go back just for a moment. i agree, it is really important that we deal with facts and that we deal with common facts. let me tell you about europe, as a business person. there are certain countries in europe, many of which are not in crisis, that are absolutely the last place you would ever put a new job. the reason they are the last place you would put a new job is because the rules are around
a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a...
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details, straight ahead. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i can't believe your mom let you take her car out.ck! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. with fancy feast mornings livgourmet cat food.e. (announcer) make mornings special, mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetene
details, straight ahead. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i can't believe your mom let you take her car out.ck! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes...
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Jan 30, 2013
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answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your crohn's symptoms is damaging inflammation? for help getting the answers you need visit knowcrohns.com/tv and use the interactive discussion guide to speak with your gastroenterologist. >>> our second story "outfront," the big question for hillary clinton. okay, not that one about 2016. this one. >> which of these three names would you like to adopt. we spent three or four months on this. the incredible hillary. the artist formerly known as the secretary. or just hill clinton. but it does sound a bit like bill. >> yeah. i think we're going
answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying...
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Jan 30, 2013
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WJZ
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now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed like phoe
now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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Jan 30, 2013
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so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to be put into place so that when we do bring in more than we need, we'll have the option of returning tax money directly to the people who paid it. >> steve: that's great. >> gretchen: it was actually amazing since most states are so cash strapped that they're actually thinking about filing for bankruptcy. the idea that texas, that has no state income tax, would be in the situation. there are other articles written saying that governor perry doesn't have this kind of money to give back to the taxpayers, but that's what he's saying. >> brian: he says a portion will be tax relief,
so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to...
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turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that hole over 3,000 square feet and 33 feet deep. under ground construction on the subway line likely to blame. incredibly no one was hurt. >> thank you, heather. initial estimates for the taxpayers for the financial bailout at $22 million. estimates show the loss is even bigger. fox business network diane macedo has more. >> the inspector general for the asset release program says in the new report taxpayers stand to lose $27 billion from the 2008 financial bailout. 5 billion more than estimated in the fall. why the increase? according to the report the treasury
turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that...
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Jan 30, 2013
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deals on your tax returns could be too good to be true. and, luck of the zuck. a look at how america's youngest billionaire built the facebook empire. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 30th. i'm angel miles. in today's first look: the blue chips turn green, very green. yesterday, the dow finished the session up 72 points to 13,954. the blue chips are now back to levels we have not seen since the financial crisis in 2007, when the dow hit an all-time high of 14,164. amazon amazes despite a drop in profits. last night the e- tailer reported strong holiday sales of its kindle e-readers and a boost in operating incomes. the federal reserve makes an announcement on rates today around 2:15 eastern, wrapping up a two-day meeting. and the senate has confirmed john kerry as the next secretary of state. joe cusick of optionsxpress join us now. joe, there is a lot to talk about this morning, including the dow closing in on 14,000. what is your take? > > yo
deals on your tax returns could be too good to be true. and, luck of the zuck. a look at how america's youngest billionaire built the facebook empire. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 30th. i'm angel miles. in today's first look: the blue chips turn green, very green. yesterday, the dow finished the session up 72 points to 13,954. the blue chips are now back to levels we have...
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Jan 30, 2013
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the reason that new tax hikes, social security taxes leaving people with less money in their paychecks also leaving are gas prices. the national average for regular unleaded rising for the 12th straight day. it's now at $3.36 a gallon. meantime, no nickel and diming here. a rare 5-cent piece is expected to snag more than $2.5 million. when it comes up for auction in april, the 100-year-old humble nickel is one of five known to exist. and it turns out some health food may not be so healthy. a new report saying leafy green vegetables are the leading source of food poisoning, so kids rejoice, you might see less spinage on the dinner plate. i'm eric. [ male announcer ] pipillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. [ female announcer ] in just 60 seconds, you can't get more italian. it's on. let's roll. just ask pc mag. [ man ] "cable can't touch fios upload speeds." "it's hard to imag
the reason that new tax hikes, social security taxes leaving people with less money in their paychecks also leaving are gas prices. the national average for regular unleaded rising for the 12th straight day. it's now at $3.36 a gallon. meantime, no nickel and diming here. a rare 5-cent piece is expected to snag more than $2.5 million. when it comes up for auction in april, the 100-year-old humble nickel is one of five known to exist. and it turns out some health food may not be so healthy. a...
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Jan 30, 2013
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corporate taxes and one highest state tax. many disagree with the decision saying some should go with helping lower city taxes and funding the district's school services. >> will be expanded for the first time since it opened 42 years ago. the $100 million edition includes public spaces, pavilions. memorial gardens, floating stage for outdoor performances and an outdoor video wall for, simulcast. the chairman is giving a $50 million donation. >> you may be able to drive faster on the inter county connector if state law makers get their way. considering a bill raising the speed limit from 55 to 60 or 70 miles per hour. many complain the icc are too low, fines are too high. >> 8:26. 55 degrees. still ahead, managing your budget. fox consumer reporter will join us live to show us how everyone can cut back a little. >> plus a new journey begins for a wounded warrior. surgery performed in our area that made it possible. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans
corporate taxes and one highest state tax. many disagree with the decision saying some should go with helping lower city taxes and funding the district's school services. >> will be expanded for the first time since it opened 42 years ago. the $100 million edition includes public spaces, pavilions. memorial gardens, floating stage for outdoor performances and an outdoor video wall for, simulcast. the chairman is giving a $50 million donation. >> you may be able to drive faster on...
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Jan 30, 2013
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the extra money was raised through the speed camera fines, corporate taxes and one very high estate tax. many disagree with the mayor's decision saying some of it should go towards helping lower city taxes and funding the district's social services. >> i'm sure the city needs some as well but the taxpayer need it back if they can get it to them. >> this past spring and summer, we had dozen of children sleeping on the streets because we don't have a right to shelter year round for families. >> the mayor later said he is not completely ruling out lower being taxes in the future but he did not specify just how much the district would have to have in the bank for that to happen. >>> president barack obama laying out his plans to fix the nation's immigration system in las vegas just a day after i agroup of eight republican and democratic senators offered their own proposal. the biggest difference is the president's plan gives a faster path to citizenship for the millions already here illegally. >> yes, they broke the rules. they cross the border illegally. maybe they overstayed their visas.
the extra money was raised through the speed camera fines, corporate taxes and one very high estate tax. many disagree with the mayor's decision saying some of it should go towards helping lower city taxes and funding the district's social services. >> i'm sure the city needs some as well but the taxpayer need it back if they can get it to them. >> this past spring and summer, we had dozen of children sleeping on the streets because we don't have a right to shelter year round for...
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Jan 30, 2013
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and the stimulus and the auto bail-out and getting rid of the bush tax cuts. now, the big question is: republicans are always willing to dump on president obama
and the stimulus and the auto bail-out and getting rid of the bush tax cuts. now, the big question is: republicans are always willing to dump on president obama
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. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator rubio has been able to persuade so many people on the right and some -- he's a tea party favorite that this is the time to get it done, and i think from the president's perspective it's key to his legacy to his second term agenda. uma: on the other side of this, from the g.o.p. if they do get a deal done this will hopefully operate door for more hispanics to take a second look at the g.o.p. >> absolutely. what bothers me. we are on a fast track. how much will this cost. how much will we add to medicare. social security, food stamps and so on. we will ram this through likely did with healthcare and three years f
. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator...
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Jan 30, 2013
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taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >> okay. we've got two pending nominations, john kerry, chuck hagel. both of whom are very prominently anti-us, less than ardent fans of the u.s. military. my view of the military and foreign policy is exactly that of reagan's, that it should be driven by the national security interests of the united states, that we should go in with clear, defined objectives, overwhelming force, and then when we're done, get the heck out. >> does anyone believe paul ryan -- ronald reagan would have taken us into a hawkish war like iraq? by the way,
taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >>...
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Jan 30, 2013
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, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line, and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think, as susana martinez does and others, this next generation of republican leaders out there who are doing it. >> what's jindal's message -- >> they're creating the laboratory in the states, which is why i go back to my point which this is not about national messaging. this is finding and accepting republicans where they are. >> you buy this as an intellectual who writes for "the national review"? you buy the fact that the republican party can become a coalition party, not a homogeneous right wing party? >> i think -- >> can you answer that question yes or no? >> yes. i think the republican party can succeed, but if you listen to bobby jindal's speech, he's asking a big question. too often he says the party is becoming the fiscal conservative party. he's saying republicans aren't going to ba
, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line, and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think, as susana martinez does and others, this next generation of republican leaders out there who are doing it. >> what's jindal's message -- >> they're creating the laboratory in the states, which is why i go back to my point which this is not...
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Jan 30, 2013
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because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good signs and signs of some kind of sanity seeping in. >> and dana, maybe it's all in a name. because i think what continues on for sure is this conservative domination particularly in republican primaries. i mean, here you've got mitch mcconnell being threatened now in kentucky and next year's election from the right. >> right. and the tea party's never really been an organized political force. and i'm using that as a shorthand for the far right that's been dominating the party right now. and as i point out in the column, that force really isn't going any
because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good...